8
In forcePrescribed rates of interest (s. 30, 32 and 52)
8 Prescribed rates of interest (s. 30, 32 and 52)
(1)
The rate of interest for the purposes of section 30(3), (4)(d), (5)(c) and (6)(c) of the Act is 4.4% per annum.
(2)
The rate of interest for the purposes of section 32(2), (3)(d), (4)(c) and (5)(c) of the Act is 4.4% per annum.
(3)
The rate of interest for the purposes of section 52(3)(a) and (7) of the Act is 12.4% per annum.
[Regulation 8 inserted: Gazette 26 Jun 2015 p. 2278; amended: Gazette 11 Dec 2015 p. 4961; 29 Dec 2017 p. 6085; 28 Jun 2019 p. 2493; SL 2020/71 r. 4; SL 2023/70 r. 4; SL 2024/82 r. 4.]
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.